BGC Group Inc. (BGC) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of BGC Group Inc. $9.53, price $12.10, upside -21.2%, quality 62 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range $2.98 – $12.65 · fair‑value band $4.39 – $21.53 · the $12.10 price screens above the $9.53 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 24, 2026.
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BGC Group, Inc. operates as a financial brokerage and technology company in the United States, Europe, the Middle East, Africa, and the Asia Pacific.
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BGC Group, Inc. operates as a financial brokerage and technology company in the United States, Europe, the Middle East, Africa, and the Asia Pacific. The company offers various brokerage services, such as government bonds and corporate bonds as well as interest rate derivatives and credit derivatives, foreign exchange, fixed income products, equities and futures and options; and brokerage and trade execution of ECS products, including listed derivatives and physical commodities in the oil and refined, and environmental and energy transition markets; and ship chartering services. It also provides price discovery, trade execution, brokerage services, clearing, information, and other back-office services to financial and non-financial institutions. In addition, the company offers financial technology solutions, network and connectivity solutions, market data and related information services, market infrastructure, and post-trade services. Further, the company's integrated platform is designed to provide flexibility to customers regarding price discovery, trade execution and processing of transactions, as well as accessing liquidity through its platforms, for transactions executed either OTC or through an exchange. It primarily serves banks, broker-dealers, trading firms, hedge funds, governments, corporations, investment firms, commodity trading firms, and end users. BGC Group, Inc. was founded in 1945 and is headquartered in New York, New York.
Stock analysis
BGC Group Inc. (BGC) currently trades at $12.10, while our model-based Fair Value estimate is $9.53, implying the stock looks roughly 27.0% overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of $14.24 per share, and 5 of the 13 models we run sit above the $12.10 price.
Bear case: the Dividend Discount group reads lowest at $1.23, and 8 of the 13 models stay below the price. Evidence for this calculation is high.
Scenario range: $4.39 (bear) to $21.53 (bull), the price of $12.10 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 62/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
BGC Group Inc. reported revenue of $3.0B in FY2025 versus $2.0B in FY2021, a compound +10.8%/yr. Reported net income was $155M in FY2025, compounding +5.7%/yr from FY2021.
Key figures
Market cap $5.8B · P/E ratio 29.5 · P/S ratio 1.52 · EPS (TTM) $0.3800 · Dividend yield 0.7% · Net margin 5.2% · Return on equity 14.6% · Return on assets (EBIT) 4.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 4% below its 52-week high and 47% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −20% fair-value upside, at −21%, BGC screens richer than that median.
Fair Value models
Bear $4.39Fair Value $9.53Bull $21.53
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then ($0.2195 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.73/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+36.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+19.2%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.0%
Start year 2020 (pandemic). Over 10 years: +0.8% a year
Revenue growth 29 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.7%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: adjusted.
+29.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+28.4%
Dividend (yield on the price)0.7%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.31% vs −3%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.11% → 11%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 5.5%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+13.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +10.8% a year for the price.
News mood ⓘNews mood, the average tone of recent news (97 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Capital Markets · 463 stocks
Beats the industry median on 5/14 measures
Overall it trails its industry peers.
Valuation
Quality Score61 · Above median
Fair Value upside−21% · Below median
Profitability
Return on equity (TTM)15% · Above median
Return on assets3% · Above median
Net margin (TTM)6% · Below median
Operating margin (TTM)12% · Below median
Growth and dividend
Revenue growth44% · Above median
Dividend yield (TTM)0.7% · Bottom 25%
Balance sheet
Debt / equity1.58× · Highest 25%
Valuation Multiplesvs Capital Markets median · lower = cheaper
P/E (TTM)29.5× · Priciest 25%
P/B5.98× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "BGC Group Inc. Fair Value". https://www.fairvalue-calculator.com/stock/BGC
Frequently asked questions
Is BGC Group Inc. (BGC) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $9.53 versus a price of $12.10, about −21% upside (overvalued).
What is the fair value of BGC?
Our model-based fair value for BGC Group Inc. is $9.53 (as of Sep 24, 2026), built from audited fundamentals. The current price: $12.10.
What is the quality score of BGC?
BGC Group Inc. has a Quality Score of 62/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for BGC Group Inc. (BGC)?
Our model-based price target is the fair value of $9.53 (as of Sep 24, 2026) from 13 valuation models. Cautious scenario $4.39, optimistic scenario $21.53. It is a calculation from audited fundamentals, not an analyst target.
What is the BGC Group Inc. stock forecast for 2026?
Our models put fair value at $9.53, about −21% upside versus a price of $12.10 (overvalued). Cautious scenario $4.39, optimistic scenario $21.53. The calculation is refreshed regularly with new filings.
What is the revenue of BGC Group Inc. (BGC)?
BGC Group Inc. reported trailing-twelve-month revenue of about $3.1B (latest available figure, as of Sep 24, 2026).
Does BGC Group Inc. pay a dividend?
BGC Group Inc. currently shows a dividend yield of about 0.66% relative to its recent price (as of Sep 24, 2026).
What growth is priced into BGC Group Inc. (BGC)?
For today's price to be fair in a discounted-cash-flow model, BGC Group Inc. would have to grow free cash flow by +13.5 % per year for five years (discount rate 9.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.0 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of BGC use?
Our models discount BGC Group Inc. at 9.6 %: a base by market capitalisation (mid), damped by beta 0.94, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For BGC Group Inc. that is +13.5 % per year a year over ten years, using the same discount rate (9.6 %) and the same formula as our fair value.
How much growth has BGC Group Inc. (BGC) delivered so far?
Over the past 5 years revenue at BGC Group Inc. grew +8.0 % a year. The price currently implies +13.5 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of BGC Group Inc. (BGC) growing?
The median revenue growth in the sector is +8.4 % a year. That is the yardstick for the growth priced into BGC Group Inc. (+13.5 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of BGC Group Inc. (BGC)?
The free-cash-flow yield on the price is 4.60 %: that much free cash flow BGC Group Inc. produces per unit of market value. When it exceeds the discount rate of our models (9.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of BGC Group Inc. (BGC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For BGC Group Inc. it is $9.53 per share (as of Sep 24, 2026), against a price of $12.10. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is BGC Group Inc. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, BGC trades above its calculated fair value: price $12.10, fair value $9.53, a gap of about −21% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of BGC?
No. The price is what the market pays today ($12.10); the fair value is what the company's own numbers justify ($9.53). For BGC Group Inc. the two are $2.57 per share apart. That gap is exactly why we show both numbers side by side.
How much is BGC Group Inc. worth?
The market values BGC Group Inc. at about $5.8B (market capitalisation, as of Sep 24, 2026). Per share that is $12.10; our models calculate a fair value of $9.53 per share.
What do the bullish and bearish scenarios say about BGC?
Our models span a range for BGC Group Inc.: cautious scenario $4.39, base $9.53, optimistic $21.53 per share (as of Sep 24, 2026, price $12.10). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BGC?
BGC Group Inc. trades at a price-to-earnings ratio of 29.5 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $9.53 is built from several models across several years. Other multiples: PEG 3.6, P/B 6.0, P/S 1.9, EV/EBITDA 14.7.
What is the PEG ratio of BGC?
The PEG ratio of BGC Group Inc. is 3.60 (P/E divided by earnings growth, as of Sep 24, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of BGC Group Inc. (BGC)?
Balance-sheet figures for BGC Group Inc. (as of Sep 24, 2026): return on equity 14.6%, debt of 1.58 per unit of equity. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is BGC from its 52-week high?
BGC Group Inc. trades at $12.10, about 4% below its 52-week high of $12.65 and 47% above the low of $8.26 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of $9.53 is for.
Which stocks are comparable to BGC Group Inc.?
From the same area (Financial Services) we also value Morgan Stanley, a financial holding company,, The Goldman Sachs Group, The Charles Schwab Corporation, Interactive Brokers Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is BGC Group Inc. stock attractive at the current price?
The data as of Sep 24, 2026: price $12.10, calculated fair value $9.53 (−21%), Quality Score 62/100, from 13 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of BGC calculated?
We run BGC Group Inc. through 13 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $9.53, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. BGC Group Inc. itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of BGC Group Inc. (BGC)?
The closing price on Sep 23, 2026 was $12.10. Our model-based fair value is $9.53, about −21% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with BGC Group Inc. right now?
The model range is unusually wide ($4.39 to $21.53). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of BGC Group Inc. (BGC) come from?
Earnings per share at BGC Group Inc. grew −8.1 % a year from 2015 to 2025. Broken into its drivers: revenue per share −1.5 %, EBIT margin +2.3 %, tax rate +0.7 %, residual (interest, one-offs) −9.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of BGC Group Inc.
How large is the market capitalisation of BGC Group Inc. (BGC)?
The market capitalisation of BGC Group Inc. is $5.8B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of BGC Group Inc. (BGC)?
The price-to-sales ratio of BGC Group Inc. is 1.52 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of BGC Group Inc. (BGC)?
Earnings per share at BGC Group Inc. are $0.3800 (price ÷ EPS = P/E 29.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of BGC Group Inc. (BGC)?
The dividend yield of BGC Group Inc. is 0.7% (payout 21.1%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of BGC Group Inc. (BGC)?
The net margin of BGC Group Inc. is 5.2% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of BGC Group Inc. (BGC)?
The return on equity (ROE) of BGC Group Inc. is 14.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of BGC Group Inc. (BGC)?
On an EBIT basis the return on assets of BGC Group Inc. is 4.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of BGC Group Inc. (BGC)?
The operating margin of BGC Group Inc. is 12.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at BGC Group Inc. (BGC)?
Revenue at BGC Group Inc. is growing +44.3% versus a year earlier (3y avg +19.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at BGC Group Inc. (BGC)?
Earnings per share at BGC Group Inc. are growing +54.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does BGC Group Inc. (BGC) carry?
The net debt of BGC Group Inc. is $922M (fiscal year 2025, ≈ 3.4 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Sep 24, 2026